PSG, a growth equity firm focused on software, has invested in Yottaa, a provider of eCommerce software.
Yottaa’s platform manages third-party applications and enables brands to increase website speed by 60 percent.
“Digital experience optimization capabilities like Yottaa’s seek to help brands capture more value from their investments. With this funding, we believe we are well-positioned to accelerate product development and execute on our go-to-market strategy across multiple product categories,” said Rich Stendardo, CEO of Yottaa.
Canaccord Genuity Group Inc. served as financial advisor and Cooley LLP served as legal advisor to Yottaa. Weil, Gotshal & Manges LLP served as legal advisor to PSG.